Rhode Island is small, busy, and rebuilding: the Washington Bridge replacement on I-195 in Providence, offshore wind work staged out of Quonset Point, and a boatbuilding and marine trades industry that runs on cranes, forklifts, and specialized handling equipment. The state also has one of the tightest Section 179 caps in the country, which changes how a purchase looks on the state return.
We place Rhode Island files with lenders that fund in New England every week, from a Cranston site-work contractor to a Quonset marine supplier to a Warwick carrier. Options in 24 to 48 hours on a soft inquiry.
Who we finance in Rhode Island
What is driving equipment demand in Rhode Island
- The multi-year Washington Bridge replacement on I-195 in Providence.
- Offshore wind projects including Revolution Wind staged through Quonset Point and the Port of Davisville.
We work with businesses across Rhode Island, including Providence, Warwick, Cranston, Pawtucket, and Newport, and the rural counties in between.
Sales tax and income tax on equipment in Rhode Island
Tax rules change and depend on your facts. Confirm with your accountant before relying on any of this.
Trucks, trailers, and titling in Rhode Island
- Apportioned registration for interstate carriers runs through the Rhode Island DMV.
- Off-road equipment is not titled.
Where Rhode Island buyers find equipment
We finance equipment from any dealer, auction, or private seller. Dealers and auctions our Rhode Island customers use include Milton CAT (regional New England Caterpillar dealer). Get pre-approved before you go so the seller sees a buyer who can close.
Equipment we finance
Excavators · Dozers and loaders · Skid steers · Semi trucks · Trailers · Farm equipment · Cranes and lifts
About financing in Rhode Island
Equipment financing in Rhode Island is arranged through Land Tech Capital's network of third-party lenders and lessors. Land Tech Capital is a New York based commercial finance broker, not a lender, and does not hold a Rhode Island license. Your financing agreement will be with the lender or lessor, who provides any disclosures Rhode Island law requires. No fee is charged to you before funding, and we are paid by the lender when a deal closes.
In Rhode Island we arrange financing for corporations, LLCs, partnerships, and other business entities, and for individual sole proprietors on business loans over $25,000.
Questions we get
Why is Section 179 so different on my Rhode Island return?
Rhode Island keeps a $25,000 state cap and disallows bonus depreciation. You take the full federal deduction, then depreciate the rest over the normal schedule for Rhode Island. Your accountant handles the two schedules.
Do you finance equipment for offshore wind subcontractors?
Yes. Cranes, telehandlers, and heavy haul equipment for staging work are financed on the same programs as any construction equipment, based on time in business and credit.
Can a sole proprietor get financing in Rhode Island?
Yes on business loans over $25,000, or through an LLC or corporation at any size. Smaller individual-name deals are the one thing we route differently in Rhode Island.
